RXH: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
RXH
Largest movements
- Cash -€161,882
down €161,882 (-54.3%), from €298,325 to €136,442
mainly Contributions, distributions and other (-€459,787) and Deferred charges and accrued income (-€92,787)
- Deferred charges and accrued income +€92,787
up €92,787 (+121%), from €76,495 to €169,281
- Reserves -€92,021
down €92,021 (-25.9%), from €354,787 to €262,765
- Tax, wage and social debts +€18,601
up €18,601 (+2,661%), from €699 to €19,300
- Gross operating margin +€175,546
up €175,546 (+57.7%), from €304,088 to €479,634
- Taxes +€34,712
up €34,712 (+46.0%), from €75,503 to €110,215
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €379,455 | €309,263 | -€70,192 | -18.5% |
| Fixed assets | 21/28 | €4,636 | €3,539 | -€1,097 | -23.7% |
| Tangible fixed assets | 22/27 | €4,636 | €2,539 | -€2,097 | -45.2% |
| Furniture and vehicles | 24 | €4,636 | €2,539 | -€2,097 | -45.2% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €374,819 | €305,723 | -€69,096 | -18.4% |
| Cash at bank and in hand | 54/58 | €298,325 | €136,442 | -€161,882 | -54.3% |
| Deferred charges and accrued income | 490/1 | €76,495 | €169,281 | +€92,787 | +121% |
| Total equity and liabilities | 10/49 | €379,455 | €309,263 | -€70,192 | -18.5% |
| Equity | 10/15 | €354,887 | €262,865 | -€92,021 | -25.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €354,787 | €262,765 | -€92,021 | -25.9% |
| Distributable reserves | 133 | €354,787 | €262,765 | -€92,021 | -25.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €24,569 | €46,398 | +€21,829 | +88.9% |
| Amounts payable within one year | 42/48 | €23,137 | €44,732 | +€21,595 | +93.3% |
| Financial debts | 43 | - | €492 | +€492 | |
| Credit institutions | 430/8 | - | €492 | +€492 | |
| Trade debts | 44 | €24 | €414 | +€390 | +1,629% |
| Suppliers | 440/4 | €24 | €414 | +€390 | +1,629% |
| Taxes, remuneration and social security | 45 | €699 | €19,300 | +€18,601 | +2,661% |
| Taxes | 450/3 | €699 | €19,300 | +€18,601 | +2,661% |
| Other amounts payable | 47/48 | €22,414 | €24,526 | +€2,112 | +9.4% |
| Accrued charges and deferred income | 492/3 | €1,431 | €1,665 | +€234 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,270 | €2,097 | +€826 | +65.1% |
| Other operating charges | 640/8 | €115 | €285 | +€170 | +148% |
| Gross operating margin | 9900 | €304,088 | €479,634 | +€175,546 | +57.7% |
| Operating profit (loss) | 9901 | €302,703 | €477,252 | +€174,549 | +57.7% |
| Financial income | 75/76B | €1 | €2,393 | +€2,392 | +469,100% |
| Recurring financial income | 75 | €1 | €2,393 | +€2,392 | +469,100% |
| Financial charges | 65/66B | €1,470 | €1,665 | +€195 | +13.3% |
| Recurring financial charges | 65 | €1,470 | €1,665 | +€195 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | €301,234 | €477,980 | +€176,746 | +58.7% |
| Income taxes | 67/77 | €75,503 | €110,215 | +€34,712 | +46.0% |
| Profit (loss) for the period | 9904 | €225,730 | €367,765 | +€142,035 | +62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €225,730 | €367,765 | +€142,035 | +62.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.